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I Need 1500 Dollars Today - Get 1500 ASAP

by Financier on Wednesday, April 6, 2011

I Need 1500 Dollar Fast

If you need 1500 dollars asap, where do you go to get a loan if you have bad credit? For people who are asking "I need 1500 today", let's look at one of the most popular way for the average consumer who are looking to borrow money with bad credit. 

Payday loan providers are short term cash lenders that give unsecured small personal loans for people with bad credit or no credit history. A quick payday loan allows you to receive a 1500 dollar cash advance based on the agreement that you will pay back the sum when you are paid in your next salary. There is no criteria to have good credit history since the loans are actually secured by your future earnings and by and large, you would be able to receive an approval in principle for a 1500 dollar loan with bad credit as long as you are holding down a stable job with a monthly income of at least 800 to 1000 dollars. 

If you want to get 1500 dollars asap and are planning on getting a quick and guaranteed payday loan to meet urgent expenses, you do have to consider the costs of getting an unsecured cash advance. Many bad credit payday loan providers charge a fixed interest charge that is considerably more expensive than other conventional loans. If you want to borrow 1500 dollars for 2 weeks, you can expect to fork out around 20% or more as the interest fee on the principal sum. Proponents of such high risk loans usually point to the fact that online payday loans are normally offered in small amounts and have a very short tenure. They are best suited for short term uses, in situations where you are unable to stretch to payday and need a few hundred dollars to bridge the gap. 

 A 1500 dollar payday loan has its advantages and the best way to use them is to recognize your own limit. If you can't afford them, you should never apply for one but if you know you are fully capable of paying back the entire loan by the time you receive your next paycheck, and you acknowledge that you have a legitimate reason for borrowing the money, getting a quick payday loan isn't necessarily a bad option when you need cash fast.